BreakThru Realty

645 Lenox Avenue, Miami Beach, FL 33139

$3,150,000 · $875 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $3,150,000
  • Price per sq ft: $875
  • Building size: 3,600 sq ft
  • Lot size: 7,405 sq ft
  • Zoning: 3900
  • Year built: 1935
  • Buildings: 1
  • Parcel ID: 0242030097770
  • MLS#: A12015557
Photo 1 at 645 Lenox Avenue, Miami BeachPhoto 2 at 645 Lenox Avenue, Miami BeachPhoto 3 at 645 Lenox Avenue, Miami BeachPhoto 4 at 645 Lenox Avenue, Miami BeachPhoto 5 at 645 Lenox Avenue, Miami BeachPhoto 6 at 645 Lenox Avenue, Miami BeachPhoto 7 at 645 Lenox Avenue, Miami BeachPhoto 8 at 645 Lenox Avenue, Miami Beach

About this property

Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in “As-Is” condition, this asset presents immediate income generation with strong long-term upside potential.The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures, delivering stable cash flow in one of Miami Beach’s most desirable and supply-constrained rental markets.Investor-Friendly Features Include:• Separate electric meters for each unit, minimizing owner expenses • Units included with inventory list for a seamless transition• Uniform layouts and low-maintenance management structure• 7,500 SF lot with RM-1 zoning offering long-term intrinsic land valueLong-Term Investment Security:The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. This provides added confidence regarding structural and electrical compliance reducing the likelihood of near-term capital assessment exposure.Prime South Beach Location: Ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, Publix, and major lifestyle destinations.

Building Features and Utilities

  • Block

Operating Statement

Property taxes$25,015/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 645 Lenox Avenue

  • Included: Building, Furniture, Inventory, Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Lamarca & Co. Inc · lamarcaandco@gmail.com · Listing agent: Antonieta Jacqueline Lamarca

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 645 Lenox Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 645 Lenox Avenue

How much is 645 Lenox Avenue?
645 Lenox Avenue is listed at $3,150,000, about $875 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 645 Lenox Avenue zoned?
The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 645 Lenox Avenue?
The listing reports 3,600 square feet of building.
When was 645 Lenox Avenue built?
645 Lenox Avenue was built in 1935. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 645 Lenox Avenue?
The listing reports annual property taxes of $25,015. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 645 Lenox Avenue?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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